Payday HCM Blog

Kristi Feist

As a seasoned veteran in the industry and with Payday HCM, Kristi maintains a 1000+ client portfolio with a 98% retention rate. As Vice President of the DSO Division, Kristi works with hundreds of DSO-like companies to adopt best practices around the use of payroll technology, implementing processes and empowering employees of DSOs to use the technology.

Various Costs of Outsourcing Your Payroll in 2024

Feb 19, 2024 1:08:57 PM / by Kristi Feist posted in Payroll

Managing payroll is a challenging aspect of running a business. The evolving tax regulations, the complexity of employee benefits, and the significant time investment required can transform payroll management into a...

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5 Problems of Rushed Payroll Processing

Feb 12, 2024 12:59:41 PM / by Kristi Feist posted in Payroll

Facing the tight deadlines of payroll processing often brings challenges, creating a breeding ground for errors that can have far-reaching consequences across an organization.

At Payday HCM, we're familiar with the...

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How Much Does COBRA Cost in 2024?

Feb 5, 2024 2:36:43 PM / by Kristi Feist posted in Employee Benefits, Health Insurance, Health Benefits, COBRA

The period following a job loss or other qualifying event is often marked by uncertainty concerning how to maintain health insurance. The prospect of losing coverage can be scary, making COBRA's role in providing...

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Payday HCM vs. Paycor: 4 Comparisons of Payroll Services

Jan 31, 2024 3:05:07 PM / by Kristi Feist posted in Payroll, Paycor

Shopping around for payroll services can take time and effort for businesses. The challenge lies in ensuring accuracy and compliance and finding a service that aligns with your business's specific needs. This decision...

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Average Cost of a Payroll Service Provider

Jan 26, 2024 1:16:04 PM / by Kristi Feist posted in Payroll

Payroll management is more than just calculating wages and issuing checks. It involves staying compliant with tax laws, handling employee benefits, and ensuring accurate record-keeping. These tasks can be overwhelming...

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Paid Time-Off (PTO) Pros & Cons

Jan 17, 2024 11:18:49 AM / by Kristi Feist posted in Employee Benefits, Time and Labor, PTO

In the world of employee benefits, one of the more complex challenges businesses face is managing Paid Time Off (PTO). Traditionally, companies have offered separate buckets for vacation, sick leave, and personal days,...

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7 Employee Retention Metrics and How to Use Them

Jan 11, 2024 10:17:31 AM / by Kristi Feist posted in Employee Retention Credit (ERC), Employee Experience, Employee Retention Metrics

On average, the total cost of hiring a new employee can be three to four times the position's salary. The true cost of hiring an employee goes beyond just paying their salary. It includes recruiting, training, and...

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HR Best Practices: 5 Tips to Streamline Your Onboarding Process in 2024

Dec 29, 2023 2:20:17 PM / by Kristi Feist posted in Employee Engagement, Employee Onboarding, Employee Training

In 2024, streamlining your onboarding process is more important than ever. Not only is it key to ensuring that new employees know what to expect when they work with your company, your onboarding process can have a...

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Traditional vs. Agile Performance Management in HCM

Dec 28, 2023 9:56:26 AM / by Kristi Feist posted in HCM, Payroll, HCM Solution

The approach to performance management stands as a critical crossroads for organizations worldwide. This juncture is marked by a significant struggle to align traditional performance management methods with the needs of...

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HCM Selection: Top 5 Factors to Consider

Dec 15, 2023 9:00:00 AM / by Kristi Feist posted in HCM, HCM Solution

Selecting the proper Human Capital Management (HCM) system can often feel like a drag, each promising to solve your HR challenges. For many businesses, it lies in the complexity and the high stakes involved in this...

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